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Lot Size: <br />Current Zoning: <br />Property Type: <br />Estimated Current Value: <br />Appraisal Completed: <br />Estimated Revenues: <br />Recommended Action: <br />• Purpose of Acquisition <br />4,495 sq. ft. <br />Professional <br />Vacant Lot <br />$127,962 (Assessed Value) <br />No <br />N/A <br />Sell Property for Benefit of Taxing Agencies <br />This property was purchased by the RDA from the City on February 17, 1981 at fair market <br />value, most likely to provide opportunities for new office and commercial development <br />in the Central City Redevelopment Project Area. <br />• Brief History of Previous Development Proposals and Activity <br />This property has remained a vacant lot for many years. <br />• Description of Contractual Requirements for Disposition of Revenues Generated by <br />Property <br />N/A <br />• History of Environmental Contamination of Remediation Efforts <br />N/A <br />• Potential for Transit-Oriented Development <br />N/A <br />• Plan for Use /Disposition <br />Upon approval of the LRPMP, the Successor Agency intends to obtain an appraisal and <br />engage a realtor to market and sell this property within one year of DOF's approval of the <br />LRPMP. This property may be combined and marketed with the two 842 N. Garnsey <br />Street and 915 N. Flower Street parcels. Proceeds from the sale will be submitted to the <br />County for distribution to the taxing entities. <br />Successor Agency to the former Community Redevelopment Agency of the City of Santa Ana —Long Range Property Ma nagement Plan <br />4 -10 <br />F <br />